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Feb 1, 2013
02/13
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the speaker offered increased revenue from taxes. with less than two weeks to go, they thought they had a deal. it became known as the grand bargain. >> it's not every day that the speaker comes to see the president quietly and says, "i'm willing to do a deal" that everybody knows is going to be dangerous for him politically. >> narrator: back at the capitol, boehner would have to convince the new republicans to go along. >> john boehner discovers that dl making is t part of the program for a lot of these freshmen who have just come into office on the strength of conviction politics. >> these freshmen understood what washington was about and chose not to be of washington. and so they wouldn't cave like a typical politician did because they weren't typical politicians. they got elected on principle, not on politics. >> narrator: as the week wore on, obama began to worry about the grand bargain. >> he calls boehner that night and leaves a voicemail. boehner doesn't ck up. >> the president said, "get back to me tonight, john." the presi
the speaker offered increased revenue from taxes. with less than two weeks to go, they thought they had a deal. it became known as the grand bargain. >> it's not every day that the speaker comes to see the president quietly and says, "i'm willing to do a deal" that everybody knows is going to be dangerous for him politically. >> narrator: back at the capitol, boehner would have to convince the new republicans to go along. >> john boehner discovers that dl making is t...
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Jan 31, 2013
01/13
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we don't have a carbon tax. and the -- >> rose: is its carbon tax the way to go. not cap and trade, but carbon tax jathe difference between those are not that critical. >> rose: the idea is put a value on how much carbon you use. there are reasons are to do that. but because of the political realities, either one can be achieved. they both have the same effect, causing you to shift in making your energy in a way. >> you look at germany, and angela mirkle has basically sworn off nuclear energy. >> that is aa setback -- >> rose: you disagree with the decision she made. >> well, with the current generation of reacts, because of the fukushima accident -- >> rose: they're old. >> people are now worried about that. there haven't been that many accidents, so you can have a reasonable disagreement about the current generation. there are generations coming that are inherently in their design form is more safe. if you don't like today's reactors you shouldn't group all the ways of generating nuclear energy that will come out. you shouldn't abandon those as well because we c
we don't have a carbon tax. and the -- >> rose: is its carbon tax the way to go. not cap and trade, but carbon tax jathe difference between those are not that critical. >> rose: the idea is put a value on how much carbon you use. there are reasons are to do that. but because of the political realities, either one can be achieved. they both have the same effect, causing you to shift in making your energy in a way. >> you look at germany, and angela mirkle has basically sworn...
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Jan 24, 2013
01/13
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no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tweet-up, that's when you meet together on twitter. we'll talk about teaching kids about saving money. alisa weinstein, co-founder of helpksflyrg and ahor of "earn my keep" will be our guest. here's what you do: follow us on twitter at bizrpt, and use the tweet-up hashtag "financial education". that's tomorrow, thursday at 3 pm eastern. susie, we're really looking forward to ch
no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're...
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Jan 24, 2013
01/13
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tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will change but the implementation will be so unpopular for the white house they will then be able to regain their footin footing there that? >> in fact, the country is very concerned about spending. they're concerned about these huge deficits and debt. that's an argument that maybe republicans can get some traction on. i thought this was a good day for john boehner who has had a lot of bad days in leading the house. this was a crase where they had a retreat last weekend. people who were there said it was aery somell retreat and they agreed to
tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will...
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Jan 26, 2013
01/13
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the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really akening the other side d bilding up my stuff. >> what do you think, speaking of the republicans, here they are meeting. they are having their annual meeting in charlotte. and we've talked about this too. their weakness, you just mentioned it again. they're trying to figure out how their position going forward. >> i do think the president at least implicitly and tacitly recognized the states that he made in the first term. i think the emphasis, reappointment of richard corddry and mary jo white at the securities and exchange mission san acknowledgment
the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really...
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Jan 31, 2013
01/13
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now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a posive sgn. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important, not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the facthat 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed like p
now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a posive sgn. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that...
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Jan 25, 2013
01/13
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KRCB
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it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizableay. you need more investnt i human beings, that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly getting a on any of them so it would be nice if we could get a on all of them and then we could do better. but i think it's unrealistic to think that growth is going to do the whole job. >> what about the federal reserve. it has its first meeting this year next week. is there anything more than the fed can do besides keeping interest rates supeow? >> not that mh. the fed is more or less restricted to working on interest rates and things that are related, closely related to interest rates. i think really if we're going to get a big
it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizableay. you need more investnt i human beings, that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology....
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Jan 31, 2013
01/13
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earnings were down considerably from last year thanks to a tax settlement a year ago. but the results were well above wall street estimates, thanks to a double digit jump in revenues. driving that growth was an increase in deliveries of commercial planes. the 737 remains the driver, with 105 planes delivered. the 777 also helped, as did the 23 dreamliners handed to customers last quarter, but those planes can't fly right now. u.s. and japanese regulators have grounded the 787 due to concerns about its lithium batteries overheating and catching fire. today boeing management said it is making good progress in finding the cause. peter arment is the aerospace analyst at investment firm sterne agee. >> tom: boeing still plans to ramp up production of that dreamliner, triple the number it dlivers and takes payment f. how confident are you it can stick with that? >> we're very confident. i mean, yes, there is no question there is headline risk with the 787. i think that there is concerns about what the ultimate solution will be, or root cause. but everything we have seen, it
earnings were down considerably from last year thanks to a tax settlement a year ago. but the results were well above wall street estimates, thanks to a double digit jump in revenues. driving that growth was an increase in deliveries of commercial planes. the 737 remains the driver, with 105 planes delivered. the 777 also helped, as did the 23 dreamliners handed to customers last quarter, but those planes can't fly right now. u.s. and japanese regulators have grounded the 787 due to concerns...
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Feb 1, 2013
02/13
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> rose
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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introduced legislation this week that rewards businesses that violate obamacare by giving them state tax breaks up to the amount they will be fined for not complying with the law in the case of hobby lobby this bill would free lobby lobby of paying any state taxes in texas as long as they continue to violate obamacare. you see this goes on perfectly with other efforts to cripple obamacare including republican governors refusing to set up health insurance exchanges as mandated by the law and governors refusing to expand medicaid coverage to cover more and more people in their state so while president obama may have won the fight to get obamacare passed or may speciate how successful he'll be in getting the law implemented joining me now is someone who hopes he loses this fight dr betsy mccoy the former lieutenant governor of the state of new york and the author of the new book beating obamacare your handbook for surviving the new health care law dr mccoy welcome it's really good to have you on the show thank you so i just want to begin with saying you and i sort of agree i'm not a fan of
introduced legislation this week that rewards businesses that violate obamacare by giving them state tax breaks up to the amount they will be fined for not complying with the law in the case of hobby lobby this bill would free lobby lobby of paying any state taxes in texas as long as they continue to violate obamacare. you see this goes on perfectly with other efforts to cripple obamacare including republican governors refusing to set up health insurance exchanges as mandated by the law and...
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Jan 30, 2013
01/13
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FOXNEWSW
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taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been since we came out of that recession. hoping for a one-percent growth which is an nehm mick. instead of growing it's like we lost weight instead of growing weight. you run a gain rate every year. >> he is going to press for more that he canses. this is not about restructuring the sucht economy if you look at the last of the second half. every single time congresses of both taerts weather they are jqk or george w-bush. you can-- every time you raise taxes you shrink this. he's interested in the wealth r
taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling...
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Jan 26, 2013
01/13
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and interestingly, based on some spending cuts and tax increases that have been implemented so far, we're pretty close. and ja lewntimately knows what itakes toet om he to there. now, i think you, also, to, about other issues of the treasury's beat, international currency, financial markets, implementing the dodd-frank issue. as i mentioned, financial reform is still incomplete. so jack lew is going to have to oversee those as well. >> susie: let me get back to the budget issue. jack lew was also the architect of this sequester mechanism. a lot of people are worried if that kicks in, the automatic spending cuts, that, you know, that would really be a bad thing for the economy. some democrats are surprisingly saying maybe that's a good way to handle this whole budget cuts. where do you think jack lew stands on that? and, unfortunately, we just have half a minute left. what do you think? >> well, i think jack recognizes that if the sequester kicks in, it does two things. one, it makes deficit savings a lot more pronounced. that's $85 billion in one year. but, two thurts an economic recovery
and interestingly, based on some spending cuts and tax increases that have been implemented so far, we're pretty close. and ja lewntimately knows what itakes toet om he to there. now, i think you, also, to, about other issues of the treasury's beat, international currency, financial markets, implementing the dodd-frank issue. as i mentioned, financial reform is still incomplete. so jack lew is going to have to oversee those as well. >> susie: let me get back to the budget issue. jack lew...
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Jan 31, 2013
01/13
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those with religious objections will be forced to pay the obama care tax. it was released by the irs about the law answer individual mandate. any one whose religious belief conflicts with insurance they will be exempt from that. >> 34 percent of firms expect to add to the payrolls in the next six months. this is the highest percentage since last april. here with three companies hiring right now cheryl casone from the fox business network. >> i wish these surveys will translating into data. when it comes to unemployment we will get another monthly look at the job situation in the morning. we have companies that are hiring who have seasonal jobs today with lows. they are the home improvement company they are the second largest in the nation. they have 45,000 seasonal jobs 9,000 permanent part-time jobs 15 million customers a week are shopping at lowe's right now. they need people who can be home improvement experts people that can do gardening things like that that can help customers come in the door remodel their homes redo their homes military friendly. one
those with religious objections will be forced to pay the obama care tax. it was released by the irs about the law answer individual mandate. any one whose religious belief conflicts with insurance they will be exempt from that. >> 34 percent of firms expect to add to the payrolls in the next six months. this is the highest percentage since last april. here with three companies hiring right now cheryl casone from the fox business network. >> i wish these surveys will translating...
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Jan 30, 2013
01/13
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economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos, said the company's e-book business is paying off, growing by about 70% last year and is now a "multibillion-dollar category." but he didn't say how many kindle firetablets azon s sold. still, jason moser, an analyst with the motley fool, says: >> really, i think that amazon is going to prove to be the leader here in retail-- not just online retail-- because i think retail in general is heading towards online retail for the most part, and amazon is really what is really setting the standard there. and that's why i think you see amazon performing so well today, and companies like walmart a
economists say americans are worried about higher payroll taxes and the outlook for jobs. but despite that, the dow rose 72 points, the nasdaq fell a fraction, the s&p added seven points. after the market close, investors also shrugged off a disappointing earnings report from amazon and bought up the stock. amazon shares surged as much as 9%. it earned 21 cents a share, six cents below analyst estimates. revenues rose 22% but were a billion less than estimates. amazon's c.e.o., jeff bezos,...
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Feb 1, 2013
02/13
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
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Jan 29, 2013
01/13
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do everything we can to build trust in that institution so that when it does make tough decisions on taxes, on spending, on energy policy, that america has some credibility that we got it more right than wrong. >> tell me about the lobbyists. who are these people? >> well, the problem with lobbyists, a lot of them come off the hill, a lot of them come out of congress. many members of congress leave the capital and go to k street. and it's a real reflection of how money has overtaken politics. d the real problem with that system is not the individual lobbyists. a lot of times they'll have legitimate points to present to members of congress. the problem is the amount of money that lobbyists represent. and what tends to happen in congress is that the concerns of those lobbyists, the concerns of amgen, become much more of the topic of discussion, debate, and resolution than the concerns of middle america, the concerns of the farmers. you know, in congress, we didn't even vote in the house on a farm bill. this is the first time in the history of this country where a house agriculture committee,
do everything we can to build trust in that institution so that when it does make tough decisions on taxes, on spending, on energy policy, that america has some credibility that we got it more right than wrong. >> tell me about the lobbyists. who are these people? >> well, the problem with lobbyists, a lot of them come off the hill, a lot of them come out of congress. many members of congress leave the capital and go to k street. and it's a real reflection of how money has overtaken...
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Jan 24, 2013
01/13
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you know, there is a joke that has gone around israel for some time that a third of the people pay taxes, a third of the people work, and a third of the people go in the army and the problem is they're all the same third. ( laughter ) what you actually found now is people saying enough. the fact is you had-- bebe made a deal with kadima, created a oadbed government, and they were going to resolve this question of the haridi serving in the military and what the fair burden would be. and a commission worked out something and in the end, the prime minister decided that he felt that the character of that deal just was not one he could live with. i think that came back to haunt him in a fairly big way. so i think, number one, it's sharing the burden in a sense that if the country was going to go to the right the way it appeared to be, there was going to be no sharing of the burden. secondly, i think there is sense of theain stam in israel feeling, wait, the character of likud, when benny baggan can't qualify for the list, when dan meriddor can't qualify for the list, the people who are on tha
you know, there is a joke that has gone around israel for some time that a third of the people pay taxes, a third of the people work, and a third of the people go in the army and the problem is they're all the same third. ( laughter ) what you actually found now is people saying enough. the fact is you had-- bebe made a deal with kadima, created a oadbed government, and they were going to resolve this question of the haridi serving in the military and what the fair burden would be. and a...
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Jan 27, 2013
01/13
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FBC
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high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more than 60 percent of the way there. >> wayne, you are in california. when are lawmakers going to get the message enough is enough? >> it is not a question of them getting the message. it is a question of spending. you have to cut spending in order to do this. you can't just meet this with taxes. california has a bigger problem because it is so flush so long and done so well for so long and five cities that are filing for bankruptcy and worry about the bonds there and all kinds of thingings. but this is a tax, the state income tax like the federal income tax is a tax on production and productivity. for example the state of nebraska, governor hideleman is substituting his sales tax for a for an income tax and makes himself more competitive by doing so. >> don't we have enough tax revenue.
high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more than 60 percent of the way there. >> wayne, you are in california. when are lawmakers going to get the message enough is enough? >> it is not a question of them getting the message. it is a question of spending. you have to cut spending in order to do...
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Jan 30, 2013
01/13
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. >> we have to lay out a path, a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. right? so that means it won't be a quick process but it will be a fair process. >> woodruff: back in washington florida republican marco rubio, a member of the bipartisan senate group, still seemed concerned the president wanted to move too far too fast >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to green card possible, this thing is not going to go well, folks >> woodruff: senate republican leader mitch mcconnell said he's withholding judgment for now >> i think predicting how one is going to vote on this package before it gets out of committee is something i'm not prepared to do. but i will say... what i will say is there is obviously bipartisan desire to move forward on immigration legislation. my assumption is the majority leader will be doing that. >> woodruff: that woul
. >> we have to lay out a path, a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. right? so that means it won't be a quick process but it will be a fair process. >> woodruff: back in washington florida republican marco rubio, a member of the bipartisan senate group, still seemed concerned the president wanted to move...
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Jan 31, 2013
01/13
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WRC
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he also wants to eliminate virginia's gas tax. he says replace it with a sales tax increase. the plan passed a major hurdle yesterday. a house committee voted in favor of it. a senate committee will discuss that proposal today. >>> virginia schools may soon get report cards, too. the house education committee voted in favor of a bill that grades public schools on an a to f scale. the house will now take up the legislation. the committee backed several other bills. one would create a board to oversee failing schools. another would require teachers to be trained in administering cpr. the committee also endorsed legislation allowing schools to create their own calendars and open before labor day. >>> home-schooled students in virginia will keep an eye on richmond today. the senate education and health committee will debate the so-called tebow bill. it would allow home-schooled students to play sports at public schools. the committee killed a similar bill last year. the bill is named after nfl quarterback tim tebow who was homeschooled in florida and allowed to play high school f
he also wants to eliminate virginia's gas tax. he says replace it with a sales tax increase. the plan passed a major hurdle yesterday. a house committee voted in favor of it. a senate committee will discuss that proposal today. >>> virginia schools may soon get report cards, too. the house education committee voted in favor of a bill that grades public schools on an a to f scale. the house will now take up the legislation. the committee backed several other bills. one would create a...
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Jan 30, 2013
01/13
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, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who the heck it is. we have the highest corporate tax rates in the world and one of the lowest tax revenues. go figure. >> eric: they were spinning all this different directions. do we have it? the g.d.p. report it's negative growth time. how about this one. despite lousy g.d.p. report u.s. economy is primed to expand. it didn't look like it to me. good news in a bad g.d.p. report. good or bad? >> it's ridiculous. we have had --, no, i don't think so. we've had the worse single recovery in the history of the u.s. in fact the recovery is much worse b
, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who...
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Jan 29, 2013
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to make certain that there are no problems in terms of their background, to pay a fine, to pay their taxes, and then they would be here in a probationary status where they could not be deported. they could work. and we watched them as a number of other things evolve and progress under the bill. border security leading to green cards, leading to citizenship. >> woodruff: we hear some advocacy organizations saying, wait a minute. even that level of requirement is going to be a disincentive. they're not going to want to sign up if they have to pay a fine and so forth. >> well, i'll tell you. that's going to be part of it. we believe that these people who have lived here for so many years in fear and have tried to make a best of their lives and the lives of their families are prepared to earn their way into legal status and to citizenship. and the argument that they would not pay a fine and such, i really think that will not be a major obstacle. we went through this with the deferred deportation under the dream act. almost 400,000 people came forward. they paid the amount that was necessary. >
to make certain that there are no problems in terms of their background, to pay a fine, to pay their taxes, and then they would be here in a probationary status where they could not be deported. they could work. and we watched them as a number of other things evolve and progress under the bill. border security leading to green cards, leading to citizenship. >> woodruff: we hear some advocacy organizations saying, wait a minute. even that level of requirement is going to be a disincentive....
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Jan 29, 2013
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it is not just the taxes. i don't want a state that takes everything off me and gives me traffic jams and regulations and climate control policies and all the rest of it. >> and tell you what to do, what you can and cannot do. new york, california, these places people are going and realize they cannot even be myself and make my own decisions. i am going to florida. stuart: jerry brown wants to pass a bill, or the legislature does, that will exempt thousands of public sector workers from any kind of pension rollback. are you familiar with this? >> no, i am not. stuart: a proposal to roll back pensions in the public sector. the legislature says no, you can't do that, absolutely not california's budget is still in a mess, i think. >> right now they haven't had any constructional reform, which is what they need. especially on the local level. right now what they're really wanting to do is bail out the local cities going bankrupt. stuart: would you ever go back to california? >> for vacation. stuart: well said. tha
it is not just the taxes. i don't want a state that takes everything off me and gives me traffic jams and regulations and climate control policies and all the rest of it. >> and tell you what to do, what you can and cannot do. new york, california, these places people are going and realize they cannot even be myself and make my own decisions. i am going to florida. stuart: jerry brown wants to pass a bill, or the legislature does, that will exempt thousands of public sector workers from...
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ask which transitions adaptive lens is best for you. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com. on all your hotel stays through march thirty first. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> our second story "outfront," transformational or overrated? which word better describes the legacy of hillary rodham clinton as secretary of state? president obama thinks the first option is what people think. >> i think hillary will go down as one of the finest secretaries of
ask which transitions adaptive lens is best for you. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com. on all your hotel stays through march thirty first. a hybrid? most are just no fun to...
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Jan 24, 2013
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than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio. if takers were just welfare recipients it was 2%. i have to tell you nobody ever won an election demonizing such a small percentage of americans. well, hardly anyone. [ laughter ] the idea that republicans characterized even social security and medicare as halmakes of a takers society -- hallmarks of a taker society i'll let the speakers describe it. >> we built it. >> you better bel
than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul...
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Jan 29, 2013
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> they have to pay back taxes, they have to learn english, they have to be able to understand and study our history, they have to get in line behind everyone else. they would be granted legal status but they get behind everyone else who has waited legally for a green card status. liz: senator john mccain defending a bipartisan bill to o give 11 million illegal immigrants in the u.s. a path to citizenship, but texas republican congressman says this plan sounds a whole lot like amnesty. you don't like this bill. why? >> this is a plan we saw several years ago with the same individuals involved, so no surprise. they favored amnesty before, and they favored amnesty now. says quite frankly it will save taxpayers billions of dollars because they will have to fit the bill going to be benefits going to these. it will cost american worker thousands of jo
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> they have to pay back taxes, they have to learn english, they have to be able to understand and study our history, they have to get in line behind everyone else. they would be granted legal status but they get behind everyone else who has waited legally for a green card status. liz: senator john mccain...
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Jan 29, 2013
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you're going to have to pay taxes and fines you gelt a nonimmigrant visa. you have a work permit to stay in the country. you don't qualify for federal benefits under that. during the same time, they're going to have to stay in this process and while they're in that process, is when this security stuff needs to happen. after a number of years have gone by, and the security enforcement is in place, then, second phase begins which is giving people the opportunity to apply fr a green card the same way everybody else does. the same way, it means stand in line, wait your turn. behind everyone applying before you legally. your turn comes up have you to qualify. that is we're giving people the opportunity to earn the chance to do this the way they should have done this. while you're in probation yairy period enforcement stuff is happening oob. >> sean: how long will this take? you said no federal benefits. have you to prove you have a job or go through a background check. sit going to be that stringent for people? >> that is why details are important of how you wri
you're going to have to pay taxes and fines you gelt a nonimmigrant visa. you have a work permit to stay in the country. you don't qualify for federal benefits under that. during the same time, they're going to have to stay in this process and while they're in that process, is when this security stuff needs to happen. after a number of years have gone by, and the security enforcement is in place, then, second phase begins which is giving people the opportunity to apply fr a green card the same...
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Jan 28, 2013
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>> they have to pay back tax and have a noncriminal record. they hto be able to understand and study history. they have to get in line behind everrone else. they will be grantedded legal stall us but they get behind everyone else who has waited legally for green card status. >> and military service? anyone think about requiring a year or two of military service? >> if the military could use people for a y or two could be in ou minute enlistment is four but there is a proposal one dream act to acrate their path, the young people who are brought here at children by parents that military service and schooling could be part of it and high-tech, those would graduate with ph.d.'s and others in the high technology, wet a way to keepm in the united states. >> senator schumer pointed out @%u like to get g right away, and he said maybe day one we can moveas soon as its rough the senate and passes the house. my concern sir, tell me where i am wrong, i happensthat quickly, will we have a flood of illegals coming across the border to beat the clock saying
>> they have to pay back tax and have a noncriminal record. they hto be able to understand and study history. they have to get in line behind everrone else. they will be grantedded legal stall us but they get behind everyone else who has waited legally for green card status. >> and military service? anyone think about requiring a year or two of military service? >> if the military could use people for a y or two could be in ou minute enlistment is four but there is a proposal...
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Jan 24, 2013
01/13
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i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me what i can do to attract you to texas. we have several states with offices set up in california because we're so vulnerable here. hundreds of companies leave every year. you make a good point about phil mickelson has options. so do a lot of companies. they can go elsewhere and do out of california. melissa: is that story about governor perry true? i heard that before. do governors have hair their own cell phone? >> he does. literally gives cell phone, has one number programmed. call me anytime. tell me what i can do. our leaders are not doing that, they're dismissive about companies leaving. they say it is
i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me...
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Jan 24, 2013
01/13
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we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent registered nurses in the unions across this country. they are of the finest tradition of martin luther king -- they are about humanity. they do not make distinctions among patients. they do not care if you are rich or if you are poor, if you are black or if you are white, if you are a man or if you are a woman -- you are their patient. they protect you, the fight for you. what they're finding is because of profits in the health-care industry, the most inept system in the industrial world, the american medical system -- patients are being pushed out, children are coming with malnutr
we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent...
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nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into perspective, their tax bill was greater than the entire gdp of morocco. think about it. an entire country. talk about there fair share. the fair share, if that's what we are striving more, the irs has to give its money back. unlike your pet projects like solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders
nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into...